State

Bhubaneswar,November 8:Indian Institute of Technology, Bhubaneswar (IIT-BBS) has proposed to set up a research and entrepreneurship park at Bhubaneswar.

A decision in this regard was taken at a high-level meeting chaired by chief secretary GC Pati on Saturday.

"We have proposed to set up a research and entrepreneurship park in Bhubaneswar to nurture the young entrepreneurs for which, the Centre has agreed to sanction around Rs 50 crore", said IIT-BBS director R.V. Rajakumar.

The park will play a key role in promoting and nurturing small and medium entrepreneurs with providing research and technical support.